Spirit Airlines, Inc. (SAVE) Research

Spirit Airlines, Inc. operates as a commercial air carrier, providing flight services to 85 destinations across 16 countries, including locations throughout the United States, Latin America, and the Caribbean. As of December 31, 2021, its fleet consisted of 173 single-aisle Airbus aircraft. The airline distributes tickets through direct channels like its call centers, airport counters, and its website, spirit.com, as well as via numerous third-party platforms, including online travel agencies, traditional travel agents, and electronic global distribution systems. Established in 1964, the company was initially known as Clippert Trucking Company before officially changing its name to Spirit Airlines, Inc. in 1992. Its corporate headquarters are located in Miramar, Florida.

Market snapshot

Symbol
SAVE
Price
$1.08
Market cap
$118.3M
P/E ratio
-0.04x
Sector
Industrials
Industry
Airlines, Airports & Air Services
Analyst price target
$17.48

Recent news

  • Fuel price shock to widen product gap between US airlines

    The fuel shock hitting U.S. airlines is doing more than squeezing margins — it is widening a product gap that may take years to close, as stronger carriers keep investing in lounges, premium seating, technology and international networks that weaker rivals ​may struggle to match.

  • US airlines fuel costs soared in April to $6.5 billion

    U.S. passenger airlines' fuel ​costs jumped 78% ‌in April to nearly $6.5 billion over the ​same month ​last year as the ⁠conflict in the Middle ​East has sharply ​driven up fuel costs, the U.S. Transportation Department ​said Monday.

  • Global airlines slash 2026 profit forecast on fuel shock from Iran war

    The global airline industry nearly halved its ​2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air ‌corridors and exposed the fragility of a sector operating on thin margins.

Peer companies

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  • Azul S.A. (AZUL)
  • Intevac, Inc. (IVAC)
  • Manitex International, Inc. (MNTX)
  • Orbital Infrastructure Group, Inc. (OIG)
  • RYTHM, Inc. (RYM)
  • The L.S. Starrett Company (SCX)
  • Singularity Future Technology Ltd. (SGLY)

Recent insider activity

  • WALLMAN RICHARD F — A-Award (28513 shares) on 2024-08-14
  • CROMER FREDERICK S — A-Award (188679 shares) on 2024-08-14
  • WALLMAN RICHARD F — trade (0 shares) on 2024-07-16
  • CROMER FREDERICK S — trade (0 shares) on 2024-07-08
  • McMenamy Brian J. — A-Award (77683 shares) on 2024-07-01

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